Franchise Glossary
Franchising has its own language. If you are considering turning your business into a franchise, you need to understand these terms before you sign anything, hire anyone, or spend a dollar on development.
This glossary covers 40+ terms you will encounter during the franchise development process. Each definition explains what the term means, and more importantly, why it matters for someone in your position.
Put these terms in context
How the franchise process works
See where these terms fit in the four-phase franchise development process.
02What is an FDD?
The most important franchise document, broken down item by item.
03Get your readiness score
Eight questions across the four pillars of the Forge Franchise Readiness Method. About two minutes.
Know the terms. Now learn the process.
Understanding franchise terminology is the first step. The next step is understanding whether your business is ready to franchise. Book a free feasibility call and we will walk through it together.